Status
Acquired by Outerwall on July 2, 2013
Funding Received
$71.4 Million in 4 Rounds from 7 Investors
Founded:
August 2, 2008
Headquarters:
San Diego, CA
Description:
ecoATM is an e-waste recycling company that evaluates and purchases used electronics directly from consumers for cash or store credit.
Founders:
Mark Bowles, Michael Librizzi
Categories:
Clean Technology
Website:
http://www.ecoatm.com

Detailed Description

Update

Solving the eWaste problem on a broad scale requires the collaboration of the OEM's that make the devices, the retailers that sell them, and the consumers that buy and retire them. With $25B in latent consumer assets available to mine and use as the incentive for all stakeholders in the chain, ecoATM will dramatically alter the current life-cycle of consumer electronics much the way 1970's redemption value laws on bottles and cans dramatically changed their life-cycle. Given the enormous under served worldwide demand for used mobile phones and other electronics, and the enormous and perpetually growing cache of these devices cluttering the homes of US consumers, a rare opportunity exists to build an enterprise which benefits consumers, retailers, OEM's, and the environment alike. Please join us in transforming eWaste to the benefit of everyone!

Current Team (6)

Update

Funding Rounds (4) - $71.4M

Update

Investors (7)

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Offices/Locations (1)

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  • ecoATM HQ

    10515 Vista Sorrento Parkway

    San Diego, CA 92121

    USA